Is Walgreens getting sold off?
According to a CNBC report, Walgreens stocks are now moving upward on a consistent scale, and this percentage of rise is expected to continue in the coming days, if the news of this sell-off persists. Moreover, if Walgreens ends up in the reported deal with Sycamore Partners, it will see a new upward trajectory of its stocks towards the start of January 2025, as such trades often attract investor interest at the stock markets.
However it is yet to be seen if the deal indeed sees the light of day as a selling of such a major pharmacy giant is not an easy task, and will have a lot of dilution issue in the first place. However, Walgreens has been going through a rather rough patch in the past few years, and this could be their one chance in getting back in the game.
FAQs:
Are Walgreens stock prices increasing?
Walgreens stocks are increasing with each passing day, and have shown a massive 20% surge in the past few days.
Will Walgreens stores be bought by Sycamore Partners?
Walgreens stores are currently in contemplation of both, the main company and private equity firm, Sycamore Partners, and if the deal goes through, the PE firm could take over all holdings of Walgreens.
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